➀ The innovation gap between the US and China narrowed to 5.1 points in 2024, down from 12.6 points in 2015, according to WIPO's Global Innovation Index;

➁ The US dominated late-stage VC deals and software spending (47% global R&D share), while China led in patents, industrial designs, and scientific research (14% growth in research articles);

➂ Global research output reached 2 million articles in 2024, fueled by contributions from China and India.

➀ Edmund Optics offers off-the-shelf HOLO/OR Diffractive Diffusers and Beamsplitters for high-power laser systems, enabling precise beam shaping with high damage thresholds and uniform intensity distribution;

➁ The diffusers are optimal for applications like laser welding and medical treatment, while beamsplitters create uniform spot arrays for 3D sensing and industrial processes, supporting Nd:YAG and CO₂ wavelengths;

➂ With a Marketplace of 34,000+ products and Advanced Manufacturing division, Edmund Optics provides both ready-to-ship components and custom optical solutions, serving industries such as semiconductors, biomedical, and R&D.

➀ Parova Technologies, founded by Rohith Dacharla in 2019, offers customized drone design and development services, particularly aiding startups and students with limited resources in UAV development;

➁ The company is focused on creating a city-to-city logistics drone network (Bajrang project), utilizing cost-effective materials like 3D-printed recycled plastic and collaborating with Indian manufacturers for locally sourced components;

➂ Challenges include R&D funding, balancing customer budgets, and navigating partnerships while emphasizing innovation in propeller design and sustainable logistics solutions.

➀ The US 'Big Beautiful Bill' proposes allowing companies to immediately deduct 100% of domestic R&D expenses (2025-2029), boosting cash flow and innovation incentives;

➁ The UK’s RDEC offers a 20-30% tax credit, but complex claims processes and policy changes have stifled innovation, with R&D spending at 2.8% of GDP vs. 3.4% in the US;

➂ A 100% same-year tax credit in the UK could mitigate the current system’s negative impact on innovation and align with increased government R&D funding plans.

➀ Dr. Atul Lavand from Thermo Fisher Scientific discusses the application of molecular spectroscopy in the semiconductor and electronics industry, particularly in PCB manufacturing and failure analysis.

➁ He highlights the importance of techniques like FTIR and Raman spectroscopy in identifying materials and contaminants in PCBs, aiding in process optimization and defect prevention.

➂ The interview also touches upon the role of artificial intelligence in enhancing spectral interpretation and future product innovations, along with the company's approach to supporting startups and SMEs in India.

Strathclyde University has received £9 million from Innovate UK to pursue semiconductor packaging R&D.

The goal is to create an advanced packaging line for power electronic semiconductors that will reduce packaging times from months to days.

Global material shortages, limited manufacturing capacity, and a lack of innovation facilities have left the UK supply chain dependent on international markets for key components, leading to long delays.

Several startups, including Factorial Energy, QuantumScape, and SES AI, are advancing to the sample delivery and pilot runs for semi-solid or quasi-solid-state batteries. These first-generation products are expected to enter mass production next year. Despite technical barriers, semi-solid or quasi-solid-state batteries, with a small amount of liquid electrolyte, are seen as interim options for U.S. and European automakers.

17 U.S. and European solid-state battery companies have raised over $4.2 billion in funding. Supported by programs like the US Department of Energy and the EU’s Horizon Europe initiative, some companies are already conducting vehicle integration tests with automakers.

US and European manufacturers are focusing on polymer-based or oxide-based solid electrolytes as their core technologies.

➀ ASML and imec have signed a new strategic partnership agreement, focusing on research and sustainability.

➁ The agreement aims to deliver valuable solutions in two areas: advancing the semiconductor industry and developing sustainable innovation initiatives.

➂ The collaboration includes ASML's full product portfolio, focusing on high-end nodes and advanced technologies.

➀ Leonardo highlighted increased employment at its UK sites, with 1,400 new hires in 2024, including 450 in early careers schemes.

➁ The company reported significant growth in orders, revenues, and EBITA over the last 12 months.

➂ Leonardo emphasized its role in the global Aerospace, Defense, and Security industry, with a focus on sustainability and young talent attraction.